Global market trends

Hang Seng, S&P 500 and the FTSE rose 1% each, while the Nikkei ended flat. NASDAQ Composite advanced 3%, while Bovespa fell 1%. 

 

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What’s hot

Auto components companies were in demand during the fortnight. Steel Strips Wheels, Bharat Gears, Mahindra CIE Automotive and Banco Products (India) surged 51%, 49%, 42% and 40%, respectively.

 

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What’s not

Refinery companies were a mixed bag. Reliance Industries declined 3% and Essar Oil fell 1%. Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery & Petro advanced 7%, 8% and 9%, respectively.

 

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